Government mulls doubling safeguard duty on steel from 12% to 24% NEW DELHI: The government is evaluating the possibility of increasing the safeguard duty on steel to as much as 24%, from the current 12%, amid concerns that Chinese goods may enter the market and hurt Indian steelmakers.“We have received complaints of Chinese players trying…
Air India. (Representative image) NEW DELHI: Due to Pakistan’s closure of its airspace to Indian carriers, Air India anticipates additional expenses of approximately $600 million if Pakistan’s airspace restriction continues for a year, and has requested compensation from the central government, according to a company letter obtained by Reuters.Indian airlines are preparing for increased fuel…
South Korea’s transport minister said on Tuesday he intends to step down to take responsibility for the deadly crash of a Boeing jet operated by Jeju Air on Dec. 29. Jeju Air 7C2216, which departed the Thai capital of Bangkok for Muan in southwestern South Korea, belly-landed and overshot the regional airport’s runway, exploding into…